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Home Energy Efficiency – From a Realtor’s perspective

I agreed to publish this here because it is such a different perspective then the one I have or CES has. We tend to blame builders for not just serving up top notch energy efficient residences. Then there is the issue of retrofitting. As always this is no endorsement of Ryan or his Real Estate firm. Believe me I have no intention of buying a home in Alaska.

More Buyers Are Looking for Energy Effcient Homes in the US… But is it

Enough?

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Now, a “green home” really isn’t all that green when observed on its own, but the fact

remains that most of new construction and existing homes are going to be detached

single-family residences. This means that we need to do the best we can with the hand we

have been dealt, and that would suggest that incremental improvements across the board

may be the best option in terms of reducing waste. Recent trends in US real estatehave

affected what buyers are looking for in some positive ways, but there are still far too few

green homes available for buyers who want this option.!That makes it a frustrating search

for potential green home buyers, and discourages them from truly setting their sites on a

home that works for them. Additionally, because they aren’t making their voices heard,

many builders are not working to make homes that meet green specications (beyond the

bare minimum). They don’t realize the level of demand that would be there, if buyers felt

they would have the option.

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More Buyers Should Push for Green Homes

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There’s really one way to remedy the issue:buyers who want green homes should push

for them across as many channels as they can. If more buyers continue to ask for green

homes, more builders will produce these homes out of necessity. But buyers need to be

the catalysts in both demand and advocacy aimed toward other potential green buyers.

More of them want green homes, but they back down when they see these homes aren’t

available. Builders and sellers both need to know the value of creating these kinds of

homes or making changes to existing homes, so buyers will be more likely to purchase

those homes instead of other options. This might mean more negotiations with sellers and builders, and it will likely come at an increased cost — costs that will likely be recouped over time, but another upfront cost nonetheless.

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What are Buyers Looking For?

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When the average buyer!wants a green home, they don’t necessarily require one that’s

completely off grid. Some buyers will seek these out, but most will be looking for energy

efifciency, sustainable materials, and a smaller carbon footprint than what would be seen

with a standard house. In many cases, that’s enough to entice buyers to make a purchase,

and to keep them happy with the home they have selected. It also depends on the area of the country and the local market, because some buyers want and need different options due to weather or other factors.

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More Demand Will Require an Increase in Supply

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The more buyers start asking for green homes, the more likely it is that builders will create them. Sellers will also start making changes to the homes they are putting on the market, in order to entice buyers to come see their home instead of a different one. That’s an important consideration, too, sincesellers may need to retrofit their homes in some ways and add options that they would not have chosen to put in if they were remaining in the house. Some green living changes can be expensive, but these changes don’t always have to be costly. There are lower priced options, as well.

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Trends are Moving in the Right Direction, at Least

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Even though there are still far too few green homes, and even though buyers aren’t making their voices heard as loudly as they could, the trend of green living is still going in the right direction. More buyers see the value of it, and more builders and sellers are starting to make changes in that direction. There is still a long way to go before energy efficiency and reducing waste becomes the standard for new homes and improved existing homes, but a larger pool of buyers demanding these features can help move the needle bit by bit.